Trump's Truth Social Plans to Launch Utility Token, Tied to "Patriot" Subscription Service

On July 10, according to Decrypt, Truth Social, the social media platform founded by U.S. President Donald Trump, announced that it will launch a utility token as part of its new loyalty rewards program, which is linked to its "Patriot Package" subscription service. According to the announcement, "Patriot Package" subscribers will accumulate "gems" on their Truth Social accounts based on their level of platform interaction, which will eventually be linked to utility tokens on the Truth Social and Truth+ platforms. The subscription service is currently in public beta and costs $9.99 per month, offering 12 "premium, non-woke news channels," expanded video-on-demand content, and platform verification badges. [Deep Tide TechFlow]